Homes For Sale
These pages contain a list of properties that are owned by the Department and are currently for sale. All of the properties listed are repossessions and may include single family residences, condominiums and planned unit developments, farms, land, mobile homes on land, and mobile homes in parks. There are no multiple unit properties, as the Department does not lend on them. In these pages, highlighted words link to other CalVet pages.
You may access the list of properties for sale by either clicking on the county name or the city name that you wish to search. If a county or city name does not appear in the list, then there are currently no properties available in that location. In most cases, the Department displays a photograph of the property.
For most of these properties, we have entered into an exclusive listing agreement with a local real estate agent. Occasionally, some properties are sold directly by CalVet. Repossessed properties are available for purchase by anyone (you do not have to be a veteran).
The properties are marketed by the listing agent shown. Please contact them for additional information about the property or our procedures. The listing section contains their address, telephone number, and a link to a page where you may e-mail them, if e-mail is available. While most inquiries can be answered by the listing agent, you may also contact the CalVet Property Agent listed or call CalVet at (800) 952-5626.
Please read our additional information below if you are considering purchasing one of these properties. All properties are subject to prior sale.
Properties For Sale
This is a continuation from our "CalVet Properties for Sale" page, which we recommend you read first. These pages contain a list of properties that are owned by the Department and are currently for sale.
Each property is initially offered for sale through a sealed offer advertising period, which is a competitive process. A "for sale" advertisement shall appear in a local newspaper which services the area where the property is located, for a period of at least fourteen consecutive days. An asking price will be stated in the advertisement, but all offers will be considered. Only sealed offers are accepted during this period. Our form, "Offer To Purchase Repossessed Property" is available for downloading. Contact the listing agent shown for the starting and ending dates of this period.
The Department attempts to sell repossessed properties to the highest qualified offeror, however, we may make the determination that there are no acceptable offers. Highest qualified offeror is defined as the person who submits the highest acceptable offer (provides the highest net dollar amount from the sale) and who verifiably qualifies for the necessary loan. If the property does not sell as a result of the sealed offer advertising process, then it will remain listed for sale and open to offers at any time.
We recognize two different "As Is" concepts. The first involves selling the property "As Is without representation or warranty", thus ending our involvement with the property when it is sold. We will do this without exception. The second "As Is" concept involves our willingness to do repairs during the escrow period. We may consider requested repairs, however they would be figured into the Department's calculation of net dollar amount from the sale.
Prevailing CalVet loan terms, fees, and rates shall apply. CalVet financing involves several different loan programs and funding source types. Down payment requirements vary with the different loan programs. The availability of some funding source types depends upon the eligibility of the veteran. See a CalVet loan application package for further information. Also, non-qualifying veterans and non-veterans purchasing CalVet repossessed properties are limited in the loan programs and funding sources available to them, and are subject to an interest rate which is .5% (one-half percent) above the stated rate. A buyers signature on the CalVet application shall be evidence of the buyer’s acceptance of CalVet financing policies.
The properties are marketed by the listing agent shown. For additional information about the property contact them at the address or telephone number shown, or use the web site's e-mail form. You may contact the CalVet Property Agent shown on matters which cannot be resolved by the listing agent. All properties are subject to prior sale.